Author: WAJ Reporter

The Central Bank of Egypt (CBE) will implement card tokenisation by 2025, marking a significant step toward securing Egypt’s digital payment ecosystem. This measure will act as a barrier against digital fraud, providing consumers with greater confidence in the protection of their data. In 2021, digital transactions in Egypt amounted to EGP 7 trillion, but this figure has surged to EGP 22 trillion by 2024. This growth is expected to accelerate in the coming years, driving an increased demand for robust consumer security solutions. CBE’s initiative addresses this demand while aligning with global fintech advancements. Similarly, Mastercard has committed to…